Example ContractsClausesvoluntary bankruptcy proceedingVariants
Voluntary Bankruptcy Proceeding
Voluntary Bankruptcy Proceeding contract clause examples

Involuntary Bankruptcy Proceeding. A case or other proceeding shall be commenced against the Borrower or any Material Subsidiary thereof in any court of competent jurisdiction seeking # relief under any Debtor Relief Laws, or # the appointment of a trustee, receiver, custodian, liquidator or the like for the Borrower or any Material Subsidiary thereof or for all or any substantial part of their respective assets, domestic or foreign, and such case or proceeding shall continue without dismissal or stay for a period of sixty (60) consecutive days, or an order granting the relief requested in such case or proceeding (including, but not limited to, an order for relief under such federal bankruptcy laws) shall be entered.

Involuntary Bankruptcy Proceeding. A case or other proceeding shall be commenced against the Borrower or any 1">Material1">Restricted Subsidiary thereof in any court of competent jurisdiction seeking # relief under any Debtor Relief Laws, or # the appointment of a trustee, receiver, custodian, liquidator or the like for the Borrower or any 3">Material3">Restricted Subsidiary thereof or for all or any substantial part of 5">their respective assets,5">the assets thereof, domestic or foreign, and such case or proceeding shall continue without dismissal or stay for a period of sixty (60) consecutive days, or an order granting the relief requested in such case or proceeding 7">(including, but not limited to,7">(including an order for relief under 9">such federal bankruptcy laws)9">any Debtor Relief Laws) shall be entered.

Involuntary Bankruptcy Proceeding. A case or other proceeding shall be commenced against 1">the Borrower1">any Credit Party or any 3">Material3">Restricted Subsidiary thereof in any court of competent jurisdiction seeking # relief under any Debtor Relief Laws, or # the appointment of a trustee, receiver, custodian, liquidator or the like for 5">the Borrower5">any Credit Party or any 7">Material7">Restricted Subsidiary thereof or for all or any substantial part of their respective assets, domestic or foreign, and such case or proceeding shall continue without dismissal or stay for a period of 9">sixty (60)9">60 consecutive days, or an order granting the relief requested in such case or proceeding 11">(including, but not limited to,11">(including an order for relief under such federal bankruptcy laws) shall be entered.

Involuntary Bankruptcy Proceeding. A case or other proceeding shall be commenced 1">(including the filing of any notice of intention in respect thereof) against 3">the Borrower3">any Credit Party or any 5">Material5">Restricted Subsidiary thereof in any court of competent jurisdiction seeking # relief under any Debtor Relief 7">Laws,7">Laws or # the appointment of a trustee, receiver, 9">interim receiver, receiver and manager, custodian, liquidator or the like for 11">the Borrower11">any Credit Party or any 13">Material13">Restricted Subsidiary thereof or for all or any substantial part of their respective assets, domestic or foreign, and such case or proceeding shall continue without dismissal or stay for a period of sixty (60) consecutive days, or an order granting the relief requested in such case or proceeding (including, but not limited to, an order for relief under 15">such federal bankruptcy laws)15">any Debtor Relief Laws) shall be entered.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.